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  HOME | Oil, Mining & Energy (Click here for more)

Kazakhstan Ready to Share Oil and Gas Know-How with Central Asian Neighbors

ASTANA – Kazakhstan’s oil and gas industry plans to share its know-how with its neighbors in Central Asia in a bid to create a stable business environment that attracts foreign investment in the region, government sources told EFE.

“We are working on expanding the range of services that our companies offer in Central Asia, and the oil and gas sector is one of the industries in which Kazakh companies have gained considerable experience,” Kazakhstan Deputy Foreign Minister Roman Vassilenko told EFE.

He said that the initiative would be driven by experienced local companies that operate in the large Kazakh oilfields of Tengiz, Kashagan and Karachaganak alongside multinational oil giants.

Working closely with world-class international companies has been crucial for small and medium-sized local entrepreneurs, in terms of gaining knowledge and technological investment.

Yermek Beysembaev, 40, is the president of San Mir Astana, a company specializing in repairing oil pipelines that employs 250 people.

“After having mastered our working skills with the latest technology and, especially, having matched the organizational standards of a global company such as Chevron, we are now prepared to share our experience and knowledge with our neighbors in the region, such as Kyrgyzstan and Uzbekistan,” Beysembaev told EFE

Beysembaev said that matching these standards was, from the very beginning, a condition that investors imposed on oil and gas companies before they were allowed to operate in Tengiz.

“For any Kazakh company that can match these rigorous standards in projects such as Tengiz or Karachaganak, the doors of world-class projects are wide open,” said Beysembaev.

“The three major oil and gas projects in the country have a total budget of about 45 billion dollars,” the general director of the Union of Oilfield Services Companies of Kazakhstan, Nurlan Zhumagulov, told EFE.

“It is a gold mine for those who come in, not only in terms of benefits but mainly in the professional field because this market is full of opportunities,” he said.

Having a skilled workforce is another great strength of the Kazakh oil and gas industry.

“Our specialists have worked successfully in oil and gas fields in Russia, specifically in the Yamal Peninsula, and also in Middle Eastern countries, such as Saudi Arabia or Qatar. Our workforce is valued for its training and discipline,” Zhumagulov said.

Kazakhstan’s oil production registered a record 662 million barrels in 2018, and is expected to increase by more than 10 percent by the end of 2019, according to data from the country’s Energy Ministry.

 

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